Roy Millman and Tom Duffy examine the challenges facing the in-house tax function and its relationship with the rest of the company.
When it comes to surprises no tax department wants to be responsible for springing the unknown on finance directors and boards and this has emerged as the top objective for tax directors in the 2013 Affecton Tax Journal Survey of how leading tax departments are dealing with internal challenges (see figure 1 below). In second place is business support followed by achieving a specified tax rate.
These top objectives have changed little since the last survey was carried out by Affecton in 2009 but it is further down the list of objectives that interesting changes have happened....
